Credit Suisse is to create a new Wealth Planning Services team within Private Banking Asia Pacific.
An internal memo seen by finews.asia stated that the new unit will be headed by Bernard Fung. This new unit, with Effect from March 1, 2017, will leverage the existing capabilities of the Family Office Services and Philanthropy Advisory (including Responsible and Impact Investing) function currently led by Fung, with those of the Trust and Estate Advisory team in Singapore.
In addition, a new Private Label Fund (PLF) team will be set up under the Wealth Planning Services team.
Specialist Teams
Making up the specialist expert teams will be Pauline Khoo, Head of Trust and Estate Advisory in Singapore, Khoo will have a local reporting line to Fung and continue to report functionally to Stefan Aegerter, Global Head of Trust and Estate Advisory.
Thomas Ang will assume the role of Head of Family Office Services Asia Pacific (APAC). Ang has been a key member of the Family Offices Services since its inception in 2010, and he has been working with relationship managers with UHNW clients in China and elsewhere in Asia.
Joost Bilkes will assume the role of Head of Responsible and Impact Investing Asia Pacific. He will focus on developing solutions in this area which is of growing interest for UHNW clients, in addition to his operational responsibility as impact advisor to the Asia Impact Investment Fund.
New Funds Unit
A new unit that focuses on structuring of Private Label Funds (PLFs) for Private Banking clients in Asia Pacific will be set up and led by Christos Anagnostopoulos.
Anagnostopoulos is currently a key member of the PLF team in Switzerland. He has significant experience in the establishment and on-boarding of bespoke fund structures for UHNW clients and Family Offices mainly in APAC, Middle East and North Africa (MENA) and Emerging Europe, he will relocate to Singapore in mid-April.
